Institute for Law and Economics

Penn Law

2012 PENN / NYU CONFERENCE

EIGHTH ANNUAL
PENN / NYU CONFERENCE ON LAW AND FINANCE

Jointly sponsored by
the University of Pennsylvania’s Institute for Law and Economics,
Wharton’s Financial Institutions Center,
and New York University’s Center for Law & Business.

Friday, FEBRUARY 24, 2012
9:30 a.m. to 5:00 p.m.

Saturday, FEBRUARY 25, 2012
8:30 a.m. to 2 p.m.

Levy Conference Center
University of Pennsylvania Law School
Entrance on 34th Street between Chestnut and Sansom
Directions to Penn Law

By invitation only

Conference Organizers

William T. Allen
Nusbaum Professor of Law and Business
New York University School of Law

Yakov Amihud
Ira Rennert Professor of Finance
Stern School of Business
New York University

Jill E. Fisch
Perry Golkin Professor of Law
University of Pennsylvania Law School

Itay Goldstein
Associate Professor of Finance
The Wharton School

 

Conference Schedule
FRIDAY, FEBRUARY 24
9:30 a.m. Registration and Breakfast

10:00 a.m

Welcoming Remarks
Michael A. Fitts
Dean and Bernard G. Segal Professor of Law
University of Pennsylvania Law School

10:15 a.m. – 11:15 a.m.

Philip Bond
Carlson School of Management, University of Minnesota

Vincent Glode
The Wharton School

Bankers and Regulators

Commentator:
Eric L. Talley
University of California, Berkeley School of Law

Moderator:
Hon. Jack B. Jacobs
Supreme Court of Delaware

11:15 a.m. – 11:30 a.m. Coffee Break
11:30 a.m. – 12:30 p.m.

Jonah B. Gelbach
Yale Law School

Eric Helland
The Robert Day School of Economics and Finance, Claremont McKenna College

Jonathan Klick
University of Pennsylvania Law School

Valid Inference in Single-Firm, Single-Event Studies

Commentator:
Stephen J. Brown
Stern School of Business, New York University

Moderator:
Hon. Jack B. Jacobs
Supreme Court of Delaware

12:30 p.m. – 1:30 p.m. Lunch
1:30 p.m. – 2:30 p.m.

David Yermack
Stern School of Business, New York University

Tailspotting: What Can Investors Learn by Tracking the Flights of Corporate Jets?

Commentator:
Katherine V. Litvak
Northwestern University School of Law

Moderator:
Itay Goldstein
The Wharton School

2:30 p.m. – 3:30 p.m.

Stephen J. Choi
New York University School of Law

A.C. Pritchard
The University of Michigan Law School

Anat Carmy Wiechman
New York University School of Law

Scandal Enforcement at the SEC: Salience and the Arc of the Option Backdating Investigations

Commentator:
D. Scott Lee
Mays Business School, Texas A&M University

Moderator:
Itay Goldstein
The Wharton School

3:30 p.m. – 3:45 p.m. Coffee Break
3:45 p.m. – 4:45 p.m.

Jonathan Cohn
McCombs School of Business, The University of Texas at Austin

Stuart Gillan
Rawls College of Business Administration, Texas Tech University

Jay Hartzell
McCombs School of Business, The University of Texas at Austin

On Enhancing Shareholder Control: A (Dodd-) Frank Assessment of Proxy Access

Commentator:
Ryan Bubb
New York University School of Law

Moderator:
Itay Goldstein
The Wharton School

SATURDAY, FEBRUARY 25
8:30 a.m. Breakfast
9:00 a.m. – 10:00 a.m.

John C. Coates
Harvard Law School

Managing Disputes Through Contract: Evidence from M&A

Commentator:
S. Viswanathan
The Fuqua School of Business, Duke University

Moderator:
Hon. Donald F. Parsons, Jr.
Delaware Court of Chancery

10:00 a.m. – 11:00 a.m.

Gustavo Grullon
Rice University

Sebastien Michenaud
Rice University

James Weston
Rice University

The Real Effects of Stock Market Prices

Commentator:
Holger Spamann
Harvard Law School

Moderator:
Hon. Donald F. Parsons, Jr.
Delaware Court of Chancery

11:00 a.m. – 11:15 a.m. Coffee Break
11:15 a.m. – 12:15 p.m.

Christopher Mayer
Columbia Business School

Edward Morrison
Columbia Law School

Tomasz Piskorski
Columbia Business School

Arpit Gupta
Columbia Business School

Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide

Commentator:
Manju Puri
The Fuqua School of Business, Duke University

Moderator:
Richard E. Kihlstrom
The Wharton School

12:15 p.m. – 12:30 p.m. Closing Remarks